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Restaurant Margó Santiago· Chile

Code: TIR1002

Type:Retail
Location:Manquehue Oriente 2030
Built Year:2013
State:Sold
Restaurant Area (M2):190
Terrace Area (M2):120
Parking (Units):1
Warehouse (Units):2

DOCUMENTS

Executive Summary

DESCRIPTION

TierraInfinita is proud to be the exclusive agent of this unique opportunity to acquire a property with a long-term lease contract on a Class A shopping center built in 2013 in the Lo Barnechea district.

The unit is leased to the unique and successful Margó Restaurant, located on Avenida Manquehue Oriente 2030, Lo Barnechea district.

This exclusive restaurant leases unit # 12, covering approximately 190 square meters with a 120 square meter terrace. The shopping center is known as Paseo El Tranque.

The lease expires in October 2020 and has a renewal option clause for 5 additional years.

Paseo El Tranque has 15 high quality tenants and enjoys an occupancy rate of 100%.

Investment Highlights

Long-Term Lease Contract with Rent Increases

7 year base contract (Nov. 2013 – Oct. 2020).
Renewal option for additional 5 years with a 5% rent increase.

Excellent Tenant

Restaurant Margo began operations in July 2013 and enjoys an excellent reputation and clientele.
Great model in terms of design, environment and price/quality ratio.

Limited Owner Responsibility

Owner shall only pay real estate taxes.
Tenant pays common expenses.
Tenant pays maintenance.

High Residual Value and Potential Appreciation

Shopping center built just over two years ago and enjoys a 100% occupancy.
Development of surrounding residential projects increases number of inhabitants in the area.
Appetite for projects with revenue stream generates potential for appreciation over time.

Location

Margó Restaurant is located in the exclusive area of Manquehue Oriente in Lo Barnechea, a district with a population of more than 100,000.

The property is in a neighborhood of exclusive homes whose inhabitants visit the shopping center frequently given the quality and variety of services offered.

Real estate activity continues in the district and it appears that the population in the surrounding areas will grow at a considerable rate in the coming years.

The shopping center format has proved very successful in new neighborhoods as it provides immediate services to the population without long distance car travel.

The shopping center Paseo El Tranque has a variety of high quality tenants and it has become an important center of attraction in the district. Margó Restaurant not only benefits from the traffic but also the loyalty of a public that rewards quality and service.

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